Question

In a small open economy, if exports equal $5 billion and imports equal $7 billion, then there is a trade and net capital outflow. deficit; positive deficit; negative surplus; positive surplus; negative

Name: in a small open economy if exports equal 5 billion and imports equal 7 billion then there is a trade and net capital outflow deficit positive deficit negative surplus positive 49004
Uploaded: 2023-02-28T23:04:56-08:00
Duration: 1 min 57 s
Channel: Andrew Davis
Description: in a small open economy if exports equal 5 billion and imports equal 7 billion then there is a trade and net capital outflow deficit positive deficit negative surplus positive 49004

          In a small open economy, if exports equal $5 billion and imports equal $7 billion, then there is a trade ______ and ______ net capital outflow.
deficit; positive
deficit; negative
surplus; positive
surplus; negative

Added by Victor Manuel W.

Principles of Economics

Gregory Mankiw 8th Edition

Instant Answer

Solved by Expert Andrew Davis

02/28/2023

Step 1

Trade balance = Exports - Imports Trade balance = $5 billion - $7 billion Trade balance = -$2 billion Show more…

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In a small open economy, if exports equal $5 billion and imports equal $7 billion, then there is a trade ______ and ______ net capital outflow. deficit; positive deficit; negative surplus; positive surplus; negative